RealKey
‪(213) 433-7766‬

138 W 60th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

138 W 60th Street, Los Angeles, California 90003 home-pic-0
ACTIVE$699,000
138 W 60th Street, Los Angeles, California 90003
0Bed
0Bath
5,120Sqft
5,120Lot
Year Built
1916
Close
-
List price
$699K
Original List price
$800K
Price/Sqft
$137
HOA
-
Days on market
-
Sold On
-
MLS number
WS25183794
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $699.0K(40th), sqft - 5120(98th), beds - undefined(50th), baths - undefined(50th).

Triplex in the heart of South Los Angeles consist of 6 bedrooms 5 bathrooms, generating a total of $4589 a month. All units are on month to month. First unit - 2 bed/2 bath. Second unit - 1 bed/1 bath. Third unit - 3 bed/2 bath. These are large units that have the potential to be rented out at market rent rate of $6800 per month. Great investment as a 1031 up-leg or a buy and hold investment. Three separate electric and gas meters. Owner only pays water and sewer. Each unit has interior laundry hook ups and property is very low maintenance. Conveniently located by the 110 freeway and minutes away from Downtown LA, LA Convention Center, Crypto Arena, Natural History Museum of LA County, USC, LA Memorial Coliseum, BMO Stadium, and Expo Center.

Price History

Date
Event
Price
11/06/25
Price Change
$699,000-3.6%
11/05/25
Price Change
$725,000-6.5%
09/23/25
Price Change
$775,000-3.1%
08/14/25
Listing
$800,000
09/29/22
Sold
$630,000
12/19/12
Sold
$300,000
04/20/10
Sold
$235,000
Condition Rating
Poor
Built in 1916, this property exhibits significant age and deferred maintenance. The images clearly show extremely outdated kitchens with old cabinets, laminate countertops, and basic, aged appliances. The bathrooms feature very old fixtures, tile, and overall design, suggesting no major renovations in many decades. While currently occupied, the property requires substantial rehabilitation and updates to major systems and aesthetics to meet modern living standards, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Significant Rental Upside: The property is currently generating $4589/month but has the potential to reach market rent rates of $6800/month, offering a substantial increase in cash flow for a new owner.
Prime Investment Location: Strategically located in South Los Angeles with excellent proximity to the 110 freeway, Downtown LA, USC, Crypto Arena, and other major attractions, enhancing tenant demand.
Low Operating Costs: Each unit has separate electric and gas meters, meaning tenants pay for these utilities. The owner is only responsible for water and sewer, significantly reducing monthly expenses.
Tenant-Friendly Amenities: All units include interior laundry hookups, a highly desirable feature that adds convenience for tenants and increases the property's appeal.
Diversified Income Stream: As a triplex, the property offers three separate income-generating units, providing diversification and reducing vacancy risk compared to single-unit investments.

Cons

Age of Property: Built in 1916, the property is over a century old, which may imply potential for aging infrastructure, deferred maintenance, or future capital expenditures on major systems.
Below Market Rents & Month-to-Month Leases: While offering upside, the current below-market rents and month-to-month leases require active management to implement rent increases, which could lead to tenant turnover and potential temporary vacancies.
Multiple Price Reductions: The property has undergone several price reductions from its original list price of $800,000 to $699,000, which could indicate market resistance, overpricing, or perceived issues affecting its value.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state